Nomura analyst: Due to BTC effect, MicroStrategy stock still has 50% pump space

robot
Abstract generation in progress

Golden Finance reported that Mizuho analyst Dan Dolev gave MicroStrategy stock an outperform rating, believing that it still has over 50% pump potential and set a target price of $515. The Mizuho analyst believes that MicroStrategy's corporate structure sets it apart from BTC exchange-traded funds and the cryptocurrency itself. As an operating company, it can enter the debt and equity capital markets to raise funds for incremental BTC purchases. Combined with the expected pump in BTC price, MicroStrategy's BTC holdings are 75% higher than its underlying value, allowing it to increase its BTC holdings at a faster rate than the dilution caused by capital market activities. Moreover, MicroStrategy's debt costs are significantly lower than those of ordinary traders.

BTC-0.87%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
AbuSalehJakhrovip
· 01-30 14:04
Ape In 🚀Ape In 🚀
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)